YELP Triangle

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Have been watching this YELP triangle forming the past few days. Neutral sentiment right now. Technically the trend looks down, but ready to buy on breakout from the top trendline or short on breakdown from the bottom trendline. We don't have to choose a side in advance. Let the market show us, and be ready to take action.

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ملاحظة

This may be the breakout

١ مايو ٢٠٢٠

ملاحظة

Failed breakout that is?

٥ مايو ٢٠٢٠

ملاحظة

A second failed breakout. Now this feels like a short candidate.

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تم فتح الصفقة

Went short this morning

٧ مايو ٢٠٢٠

ملاحظة

hourly chart: maybe i was wrong here.. top of triangle seems to be holding as support now

٧ مايو ٢٠٢٠

ملاحظة

Earnings call tonight. Stock seems to be tanking in afterhours ahead of earnings call :)

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تم إغلاق الصفقة يدويًا

Things were just not looking right. Got out for a small loss 5 minutes before eod.